September silver futures rise 0.9% in early trading on July 22, 2026, driven by geopolitical tensions despite inflation risks.
Silver September futures rose to $59.62 per ounce in early trading on July 22, 2026, up from an opening price of $59.09. The gain reflects investor demand for precious metals as a hedge against Middle East conflict and potential market volatility, outweighing concerns over higher interest rates later this year.
The metal has rebounded from recent lows, with a 0.7% gain over the past week but remains down 9.8% from a month ago. Year-over-year, silver is up 51.8%, though growth has slowed from a peak of 173.3% in mid-May. The shift in sentiment suggests a preference for safe-haven assets amid escalating geopolitical risks.
Silver’s move contrasts with traditional headwinds from rising rates, as investors prioritize protection against currency and equity instability over yield considerations.